Open innovation a driver in TTI’s business growth

There’s no doubt about the aim of Techtronics Industries (TTI), an Upstate company that designs and manufactures power equipment under the brands Ryobi, Ridgid, and Homelite.

“If it has a cord, we want to make it cordless,” says Vice President of Innovation Porter Whitmire. “We specialize in lithium-ion battery power.”

The Anderson County industry has seen tremendous success in its pursuit of a cordless world, with more than 10 percent growth year over year for 10 years and $6 billion in annual sales. To keep up the streak, the manufacturer has adapted its business model to incorporate open innovation, a collaborative strategy emphasizing a free flow of ideas from internal, external, and unexpected sources.